Apple Doubles Profits to £7.2Billion

At iCloud Login, we like to keep up to date on all Apple news and affairs, and we thought this was a pretty interesting discovery.

In the first three months of this year, Apple reportedly sold 35 million iPhones and 11.8 million iPads, bringing its net profits up to £7.2Billion, almost double what the industry giant made in the same period last year. The iPad sales were 150% higher than last year.

Apple’s share price hit a whopping $644 confirming its position as the most valuable company in the world, a far cry from their share price of $3.19 in 1997 when they feared bankruptcy. The new results followed a 13% drop in share value in the past few weeks.

Tim Cook, speaking at a conference said “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver,”.

Read the BBC News article on the subject here..

April 26, 2012

Need to Know More About iCloud? Then sign up for this FREE 10 Essential Tips Guide To help get you started.

x